Notes: March 31, 2020 -- the Board of Directors of The Madison Square Garden Company (the “Registrant”) approved the distribution to its stockholders of the common stock of MSG Entertainment Spinco, Inc. (“MSG Entertainment Spinco”) (such distribution of MSG Entertainment Spinco’s common stock, the “Distribution”). The Distribution will take the form of a distribution by the Registrant of (a) one share of MSG Entertainment Spinco’s Class A common stock, par value $0.01 per share (“Spinco Class A Common Stock”), for every one share of the Registrant’s Class A common stock, par value $0.01 per share (“Registrant Class A Common Stock”), held of record at the close of business in New York City on April 13, 2020 (the “Record Date”), and (b) one share of MSG Entertainment Spinco’s Class B common stock, par value $0.01 per share, for every one share of the Registrant’s Class B common stock, par value $0.01 per share, held of record at the close of business in New York City on the Record Date. The Distribution will become effective and the new shares of MSG Entertainment Spinco will be distributed at 11:59 p.m., New York City time, on April 17, 2020 (the “Distribution date”). The completion of the Distribution is subject to, among other things, (i) the effectiveness of MSG Entertainment Spinco’s registration statement on Form 10 (the “Form 10”) filed with the Securities and Exchange Commission (the “SEC”), (ii) the making of the Contribution (defined below), (iii) final approval from the National Basketball Association (the “NBA”) and the National Hockey League (the “NHL”) and (iv) receipt of a tax opinion from counsel to the Registrant. The Registrant’s Board of Directors has reserved the right to modify or abandon the Distribution at any time prior to the Distribution. The Registrant expects the conditions to the Distribution to be satisfied on or before the Distribution date. __________________ Oct. 1, 2015 -- The Madison Square Garden Company (NYSE:MSG) announced today that its spin-off from MSG Networks Inc. (NYSE:MSGN), the company formerly known as The Madison Square Garden Company, is complete and that MSG is now a separate, public company that trades on the NYSE. For the distribution each MSG Class A common stockholder will receive one share of the new Madison Square Garden Company Class A common stock for every three shares of MSG Class A common stock. Each MSG Class B common stockholder will receive one share of the new Madison Square Garden Company Class B common stock for every three shares of MSG Class B common stock. The new Madison Square Garden Company's Class B common stock will not be listed on a securities exchange.